Date: Jul 24, 2012
Press Release Number: 105-2012
Port Newark Container Terminal (PNCT) located in Newark, N.J. occupies 180 acres, handling over 600,000 containers annually
STATEMENT BY JIM PELLICCIO, PRESIDENT OF PORT NEWARK CONTAINER TERMINAL:
This vital project will resolve previous vessel clearance limitations caused by the present height of the Bayonne Bridge and enable PNCT to further expand our port operations, while stimulating the local and regional economy. Modernizing aging infrastructure is of paramount importance to the Port of New York and New Jersey. PNCT wants to express its appreciation to the New York and New Jersey Port Authority, governors and state representatives for their dedicated efforts in this achievement. PNCT remains committed to infrastructure and capital improvements at our facility and to the continued expansion and growth of Port Newark.
Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where construction crews are building the iconic One World Trade Center, which is now the tallest skyscraper in New York. The Port Authority receives no tax revenue from either the state of New York or New Jersey or from the City of New York. The agency relies on revenues generated by facility users, tolls, fees and rents as well as loans, bond financing, and federal grants to fund its operations. For more information, please visit http://www.panynj.gov.